Data Centre Assets definition

Data Centre Assets means all of the Class A Data Centre Assets and the Class B Data Centre Assets;
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Data Centre Assets means all electrical, power, cooling and other critical infrastructure and all IT equipment and servers located at the Data Centres which are the subject of (and more particularly described in) the Asset Security Agreement from time to time and all replacements thereto which may be made in accordance with this Agreement or the Asset Security Agreement.
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Examples of Data Centre Assets in a sentence

  • Without prejudice to the generality of Clause 6 (Insurance Undertakings), SAVVIS UK or Guarantor shall insure the Data Centre Assets in accordance with Clause 6 (Insurance Undertakings).

  • SAVVIS UK shall, in addition to the requirements set out in this Clause 6, procure that all of the Data Centre Assets as are of an insurable nature are insured and kept insured in accordance with Clause 29 (Insurance Undertakings) of the Facility Agreement.

  • The Borrower is the sole legal and beneficial owner and has a good and marketable title (free and clear of any Security Interest other than Permitted Security Interests) to the Data Centre Assets.

  • The Borrower shall procure that the Lender may at all reasonable times inspect the Security Assets (and any technical documents relating to any part thereof) and shall afford all proper facilities for such inspections and shall make available all technical documents relating to the Data Centre Assets for such inspections after 10 Business days notice from the Lender.

  • The Borrower shall, in addition to the requirements set out in this Clause 6, procure that all of the Data Centre Assets as are of an insurable nature are insured and kept insured in accordance with Clause 29 (Insurance Undertakings) of the Facility Agreement.

  • Under the sale and leaseback arrangement, the Group has acquired and leased back the Data Centre Assets to an Independent Third Party for operation for a term of five years.

  • The Group receives rental income from the leasing of the Data Centre Assets, which shall be paid by the lessee on a quarterly basis over the five-year term in a total of 20 installments in the following manner: (a) installments 1–8: HK$3.0 million/installment; (b) installments 9–12: HK$4.0 million/installment; and (c) installments 13–20: HK$5.0 million/installment.

  • As at the date of this announcement, the Group does not expect there will be material difficulty in sourcing lessee of the Data Centre Assets after the expiry of the above sale and leaseback arrangement.

  • The Borrower has properly performed all material covenants affecting the Land and the Borrower has not received any notice of any outstanding breach of covenant as regards the Land which is likely materially and adversely to affect the value of any Security or the right of the Borrower or the Lender to enter upon the Land for the purpose of retrieving the Data Centre Assets.

  • Subject to the terms of the Asset Security Agreement, any sales proceeds received in respect of any Class A Data Centre Assets, shall be used to repay the Loans, subject to and in accordance with Clause 8.2.1.1.

Related to Data Centre Assets

  • Data Centre or "DC" means the primary centre where data, software, computer systems and associated components, such as telecommunication and storage systems, redundant or backup power supplies, redundant data communications, environment controls and security devices are housed and operated from;

  • Data Center(s) means the site or sites at which the Software will be hosted to provide the Authorized Services to Customers. Such site or sites shall at all times be owned or controlled by the Provider.

  • Data Center means the location where the production instance of the Cloud Service is hosted for the Customer in its region, as published at: ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/corporate-en/about/our- company/policies/data-privacy-and-security/location-of-data-center.html or notified to Customer or otherwise agreed in an Order Form.

  • Distribution center means a building or structure used primarily for the storage of goods which are intended for subsequent shipment to retail outlets. Distribution center does not mean a building or structure used primarily to store raw agricultural products, used primarily by a manufacturer to store goods to be used in the manufacturing process, used primarily for the storage of petroleum products, or used for the retail sale of goods.

  • Business Centre means each of the places so specified in the relevant Pricing Supplement.